Casinos & Gaming

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Gtech SpA announces a settlement with Illinois Lottery to terminate for convenience Northstar Lottery Group's Private Management Agreement

Wednesday, 10 Dec 2014 05:30am EST

Gtech SpA:Says its subsidiary Northstar Lottery Group LLC (Northstar) entered into an agreement with the Illinois Department of Lottery (the Lottery) to terminate the private management agreement (PMA) for convenience.Says the PMA went into effect on Jan. 18, 2011 and is expected to terminate in around 12 months.Says under the termination agreement, the Lottery will pay a termination for convenience fee and disentanglement services fees to Northstar for a 12-month period.Says Northstar will receive a maximum of $12.65 million in termination for convenience fees.Says the Lottery will also pay Northstar for disentanglement services fees of about $121 million during the 12-month disentanglement period for the reimbursement of costs.Says the Lottery will also pay additional transition-related expenses up to $17 million due to the termination of the PMA.

DJI Holdings subsidiary receives contract

Tuesday, 9 Dec 2014 02:00am EST

DJI Holdings PLC:Says its subsidiary, Harbin Tengcai Technology Development Co. Ltd, a division of Beijing New Net Science & Technology Development Ltd has been selected by the Heilongjiang Sports Lottery Administration Center.To supply and operate a Sales-Assisting Administration System (offline-to-online, or O2O system) for HSLC sales outlets using the official Heilongjiang Jingcai website as the platform.New platform will create a link between the traditional offline lottery sales and the fast-growing online lottery channel by increasing access and availability of lottery games for players.

Scientific Games Corp secures lotto new zealand seven-year instant games contract

Tuesday, 4 Nov 2014 05:15pm EST

Scientific Games Corp:Says that it has been awarded the contract by the New Zealand Lotteries Commission to provide instant games for Lotto New Zealand.Under the terms of the agreement, Scientific Games will work with Lotto New Zealand to grow sales of the Lottery's instant game portfolio.In addition to instant games, the company will provide Lotto New Zealand with marketing support and creative services.Seven-year contract began in Sept. 2014 and includes a one-year extension option.

Scientific Games Corp signs contract with Tennessee Education Lottery Corporation

Monday, 3 Nov 2014 05:15pm EST

Scientific Games Corp:Signs a new contract to continue as the exclusive provider of instant games and related services for the Tennessee Education Lottery Corporation.Under new agreement, Scientific Games will provide Lottery with an instant game portfolio as well as an integrated Cooperative Services Program (CSP).Includes instant game production, product management support, game management systems, warehousing and distribution, and a wide range of related services such as interactive content and marketing research.Contract will begin Jan. 01, 2015 with an initial term of seven years plus seven one-year extension options.

eBET Ltd win systems agreement with Redcape Hotel Group

Wednesday, 29 Oct 2014 08:39pm EDT

eBET Ltd:Enters into supply and support agreement with Redcape Hotel Group, an independent hotel group in Australia, for provision and installation of eBET's gaming system technologies.Agreement will see eBET install its latest gaming systems platform, METROPOLIS, across Redcape's 610 electronic gaming machines in 22 venues across New South Wales.Agreement is expected to generate System Sales revenue of between $1.7 million and $2 million in FY 2015.Says that in addition, between $300,000 and $400,000 in recurring revenues over term of agreement.

DJI Holdings plc announces partnership with Xinhua for mobile lottery

Monday, 29 Sep 2014 02:00am EDT

DJI Holdings plc:Says that it has been awarded the exclusive contract to supply Xinhuacai Technology Company with a technology platform and a comprehensive range of mobile lottery games and lottery services.

Scientific Games Corp receives three year contract extension with Delaware Lottery for instant games and cooperative services program

Thursday, 25 Sep 2014 05:15pm EDT

Scientific Games Corp:Says it has signed full extension of contract with Delaware Lottery to continue as provider of instant lottery games and Cooperative Services Program (CSP).Under agreement, company will continue to provide instant games to Delaware Lottery for three additional years beginning Feb. 1, 2015.Scientific Games will also continue to provide CSP services including instant game design, marketing services, warehouse management, inventory control and retail distribution.

Greek Organisation Of Football Prognostics SA subsidiary wins bidding for horseracing betting

Wednesday, 24 Sep 2014 12:02pm EDT

Greek Organisation Of Football Prognostics SA:Announces that its subsidiary OPAP Investment Ltd wins bidding for 20 year right to exclusively organize horseracing betting.The subsidiary' s offer that won bidding amounted to 40.5 million euros.

Webis Holding PLC announces WatchandWager contract renewal

Monday, 15 Sep 2014 02:00am EDT

Webis Holding PLC:Says LLC, subsidiary signed further two year agreement with HKJC Horse Race Betting Ltd (HKJC), subsidiary of Hong Kong Jockey Club.To provide access to HKJC pari-mutuel pools.Headquartered in San Francisco, California, WatchandWager conducts US licensed advanced deposit pool wagering and racetrack operations.WatchandWager was first US based wagering operator to link directly into HKJC pools during 2013/14 racing season.Operation proved to be success both technically and commercially for both parties and this new two year contract for HKJC racing seasons 2014/15 and 2015/16 is testament to that.


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Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Edison Investment Research

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